ProShares MSCI Emerging Markets Dividend Growers ETF (BATS:EMDV) Sees Significant Increase in Short Interest

ProShares MSCI Emerging Markets Dividend Growers ETF (BATS:EMDVGet Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 268 shares, an increase of 277.5% from the May 14th total of 71 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 196 shares, the days-to-cover ratio is currently 1.4 days.

ProShares MSCI Emerging Markets Dividend Growers ETF Trading Up 0.4%

EMDV stock traded up $0.18 during trading on Friday, hitting $46.89. The company had a trading volume of 33 shares, compared to its average volume of 368. The company has a fifty day moving average price of $47.12 and a two-hundred day moving average price of $46.94. The company has a market cap of $8.21 million, a P/E ratio of 12.95 and a beta of 0.49. ProShares MSCI Emerging Markets Dividend Growers ETF has a fifty-two week low of $44.31 and a fifty-two week high of $48.73.

Institutional Trading of ProShares MSCI Emerging Markets Dividend Growers ETF

A hedge fund recently raised its stake in ProShares MSCI Emerging Markets Dividend Growers ETF stock. Nations Financial Group Inc. IA ADV raised its holdings in ProShares MSCI Emerging Markets Dividend Growers ETF (BATS:EMDVFree Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,328 shares of the company’s stock after buying an additional 582 shares during the period. Nations Financial Group Inc. IA ADV owned about 11.04% of ProShares MSCI Emerging Markets Dividend Growers ETF worth $885,000 at the end of the most recent quarter.

About ProShares MSCI Emerging Markets Dividend Growers ETF

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The ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) is an exchange-traded fund that is based on the MSCI EM Dividend Masters index. The fund tracks an index composed of companies in the MSCI Emerging Markets Index that have consistent dividend growth for seven years. EMDV was launched on Jan 25, 2016 and is managed by ProShares.

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